Unifin’s $450 Million Global Bond Offering

May 10, 2017

Cleary Gottlieb is representing Unifin Financiera, S.A.B. de C.V., SOFOM, E.N.R. in a high-yield global bond offering.

The initial purchasers in the transaction are Citi, Barclays and Credit Suisse. The offering, which priced on May 10, 2017, and is expected to close on May 15, 2017, will consist of $450 million 7.00 percent senior notes due 2025 issued and sold by Unifin, and will be conducted as a private placement under Rule 144A of the Securities Act of 1933 and outside of the U.S. in reliance on Regulation S.

Unifin will use the proceeds of the offering to redeem any and all of its outstanding 6.250 percent senior notes due 2019 to repay short-term indebtedness under its existing credit facilities, and it will use the remainder, if any, for general corporate purposes.

Unifin is a Mexican leasing company, operating as a non-banking financial services company, specializing in three main business lines: operating leasing, financial factoring and auto loans and other lending. Through its leasing business line, its core business line, Unifin offers operating leases for all types of machinery and equipment, transportation vehicles (including cars, trucks, helicopters, airplanes and other vessels) and other assets used in a variety of industries. Through its factoring business line, it provides liquidity and financing solutions to its customers by purchasing or discounting their accounts receivable and by providing vendor financing. UNIFIN’s auto loans business line is focused on financing the acquisition of new and used vehicles.